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Triumph Group (NYSE:TGI) was upgraded by Credit Suisse from a “neutral” rating to an “outperform” rating in a research note issued on Thursday, reports. The firm currently has a $88.00 price target on the stock, up from their previous price target of $71.00. Credit Suisse’s price target indicates a potential upside of 25.45% from the stock’s previous close.

Shares of Triumph Group (NYSE:TGI) traded up 1.72% on Thursday, hitting $71.36. 114,903 shares of the company’s stock traded hands. Triumph Group has a 52-week low of $61.41 and a 52-week high of $85.50. The stock’s 50-day moving average is $67.48 and its 200-day moving average is $68.82. The company has a market cap of $3.725 billion and a price-to-earnings ratio of 17.94.

Triumph Group (NYSE:TGI) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.08. The company had revenue of $936.40 million for the quarter, compared to the consensus estimate of $978.43 million. On average, analysts predict that Triumph Group will post $5.73 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Sunday, June 15th. Investors of record on Friday, May 30th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend is Wednesday, May 28th.

TGI has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. cut their price target on shares of Triumph Group from $89.00 to $80.00 in a research note on Friday, May 9th. They now have an “overweight” rating on the stock. Analysts at Zacks upgraded shares of Triumph Group from an “underperform” rating to a “neutral” rating in a research note on Thursday, April 24th. They now have a $69.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $77.70.

Triumph Group, Inc (NYSE:TGI) designs, engineers, manufactures, repairs, overhauls and distributes a portfolio of aerostructures, aircraft components, accessories, subassemblies and systems.

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